was the sum total of the handouts to its banks, which are
mostly public utilities now (i.e. owned by the public),
but no.
according to an analyst on 5 Live radio,
George Osbourne is handing 100 billion pounds a year
to the banks, without informing the public.
About 6 months ago, I wrote something like:
Wait a tick. George is firing public servants,
cutting expenses and yet, every month, the UK
hits new a government borrowing record.
So I thought: I'll bet the banks are getting some, under the table.
Ching-ching.
MAIN STORY:
We all know that the Troika is "lending" money to Greece to keep the German banks of its back. Right?
That's one way in which the Troika is in fact helping banks.
The ECB is also designed to help banks, not countries,
because that would be socialism. Shhh. Don't read this out loud.
Of course, socialismophobia is the full-time job of the media,
which is also owned by the same oligarchs who are cheating
us everywhere else.
Well, what we didn't know is that the ECB has been handing
money to Greek and Spanish banks without having to tell
anyone. Of course, lately, they are. (see graph below)
But, in order to scare Greece into voting the right way,
they've decided to cut off this handout to "some" Greek banks.
You realise that, with fractional reserve banking, even lazy
Greek banks cannot withstand a decent bank run. Well,
Greeks have been lining up for 2 years, in fair numbers
to pull out their Euros, lest they turn into Drachmas.
If it wasn't for that money, the Greek banks , and thus the
country would have gone bankrupt at least 1 year ago.
Well, the world is not ready for the mouse to leave the
game. So, again, the ECB is doing this for the benefit
of the "banking system" and not for Greece. The Greeks
say thanks, anyway.
Well, lucky Luke Papademos, now former PM
(of the Unelected Marionette Party)
had the so-called EMA money (from the ECB,
as well) to plug up that leak in the boat. Isn't
Keynesianism great when it seeks to have
a multitude of methods of bailing out the banks?
